Craftsman Automation IPO Subscription Status
|Category||Day 1||Day 2||Day 3|
Day 1 Subscription Highlights:
Day 2 Subscription Highlights:
Craftman IPO subscribed 1.26x times on day 2. The debt and the higher price band is the worry for the Craftsman IPO. As the GMP is going down and there are other IPOs that are doing well we might see the lesser numbers of subscription. The QIB subscribed 0.56x times, NII subscribed 0.19x times while Retail subscribed 2.11x times. Lets see how it comes up on the last day.
Day 3 Subscription Highlights:
Craftman IPO subscribed 3.81x times on day 3. As the grey market was going down and the other IPOs which gave a less numbers for the IPO still it managed to subscribed fully. QIB came up with 5.21x and NII with 2.84 times which boost the investors confidence but still Retail managed to get just 3.43x on the last day. Lets see how it will come up on the listing day.
About Craftsman Automation IPO
Craftsman Automation IPO price band is fixed at ₹1488 to ₹1490 Per Share. The company to raise ₹823 crore via IPO. The subscription will closes on 17 March 2021. The allotment will be on 22 March and listing will be on 25 March. Craftsman Automation minimum bid is 10 Shares with ₹14900 amount while maximum bid is 130 shares with ₹193700.
Craftsman Automation started the journey in the year 1986 as a small scale industry in the southern Indian city of Coimbatore, has grown to become a leader in precision manufacturing in diverse fields. The years of experience we have in the field of Engineering has strengthen our commitment, determined customer focus, culture of quality, and unique emphasis on social responsibility empowers Team Craftsman Automation.